Value Partners unveils Shariah-based ETF

Finance | Staff reporter 13 Jul 2021

Value Partners (0806) announced that its wholly-owned subsidiary, Value Partners Asset Management Malaysia, has launched a Shariah China A-Shares 100 ETF, the world's first-ever A-share ETF that tracks the performance of the Dow Jones Islamic Market China A-Shares 100 Index.

The Shariah China A-Shares ETF allows them to participate in Chinese growth trends in consumption, technology, consumption, healthcare and 5G sectors.

The Shariah methodology adopted requires companies to be screened on two levels. The first is a sector-based screen, where companies in the sin sectors, such as alcohol, tobacco, gambling, pork-related products, conventional financial services and weapons and defense, are excluded. The second is a quantitative screening of liquidity and total debt based on specified and approved metrics.



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